The company reported net revenues of 11 million Euros in the first half of 2011 and third quarter revenues equaled 4 million Euros. The company reported making significant changes to its US sales operation with the goal of expanding and strengthening the sales team. The company recruited additional sales team and provided extensive training, which cut into the third quarter revenues, which declined slightly from the previous year.
The company plans to unveil six new products at Eurospine and then present the products at the North American Spine Society Meeting a few weeks later. The company also plans to discuss strategic partnerships with US companies to promote US sales and marketing.
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